Rule changes ahead

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By Dylan Emery The Luxembourg regulators are proposing to issue rules under which a product provider...

By Dylan Emery The Luxembourg regulators are proposing to issue rules under which a product provider ought to compensate investors when investment breaches and valuation miscalculations are made. The amount will be worked out by calculating what the NAV would have been over the period the errors were made and compensating according to the difference. It is hoped that by introducing these rules for the first time, compensation will be dealt with fairly and consistently by all Luxembourg providers. Marie-Jeanne Chevremont, senior partner of PriceWaterhouseCoopers in Luxembourg, said: "We ...

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